Wages and prices › Cyprus
Cyprus: a wage buys 5.3% more than in 2019
Prices are 21.8% higher than in August 2019. Hourly wages rose 27.0% between the second quarter of 2019 and the second quarter of 2026, while prices rose 20.6% over the same quarters. Wages have more than caught up.
How much have prices risen since 2019?
Prices in Cyprus are 21.8% higher than in August 2019. What cost €100 then costs €121.83 now.
Price rise since August 2019, by what people buy. The red mark is all items, +21.8%.
- Restaurants and hotels+39.3%
- Housing and energy+38.2%
- Leisure and culture+37.2%
- Food and soft drinks+30.2%
- Transport+18.2%
- Education+14.2%
- Personal care and other+13.4%
- Insurance and finance+12.5%
- Furniture and household goods+8.2%
- Alcohol and tobacco+7.3%
- Health+7.3%
- Clothing and shoes−5.6%
- Phone and internet−6.5%
Have wages kept up?
Hourly wages rose 27.0% between the second quarter of 2019 and the second quarter of 2026. Prices rose 20.6% over the same quarters, so a wage buys 5.3% more than in 2019.
The hourly measure rose in 2020 because people worked fewer hours, not because pay rose.
How does Cyprus compare with its neighbours?
- European UnionPrices +30.0%, wages +30.0%, a wage buys +0.1%
- CyprusPrices +20.6%, wages +27.0%, a wage buys +5.3%
- GreecePrices +24.6%, wages +40.3%, a wage buys +12.7%
- MaltaPrices +21.9%, wages +22.4%, a wage buys +0.4%
Work out your own inflation
Your prices depend on what you buy. Put in what you spend each month and see your own rate beside the official one: your inflation in Cyprus.
Sources and method
Prices: Eurostat, HICP (prc_hicp_minr), August 2026 against August 2019. Wages: Eurostat, labour cost index (lc_lci_r2_q), wages and salaries per hour worked, seasonally adjusted, the second quarter of 2026 against the second quarter of 2019. For the comparison, prices are the average of the same months. The figures are as published on 6 October 2026.